FBTC vs. FDIG
Compare and contrast key facts about Fidelity Wise Origin Bitcoin Trust (FBTC) and Fidelity Crypto Industry and Digital Payments ETF (FDIG).
FBTC and FDIG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FBTC is a passively managed fund by Fidelity that tracks the performance of the CME CF Bitcoin Reference Rate - New York Variant. It was launched on Jan 11, 2024. FDIG is a passively managed fund by Fidelity that tracks the performance of the Fidelity Crypto Industry and Digital Payments Index. It was launched on Apr 19, 2022. Both FBTC and FDIG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FBTC or FDIG.
Key characteristics
| FBTC | FDIG | |
|---|---|---|
| Daily Std Dev | 57.99% | 67.03% |
| Max Drawdown | -27.42% | -58.32% |
| Current Drawdown | 0.00% | -9.17% |
Correlation
The correlation between FBTC and FDIG is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FBTC vs. FDIG - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FBTC vs. FDIG - Expense Ratio Comparison
FBTC has a 0.25% expense ratio, which is lower than FDIG's 0.39% expense ratio.
Risk-Adjusted Performance
FBTC vs. FDIG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Wise Origin Bitcoin Trust (FBTC) and Fidelity Crypto Industry and Digital Payments ETF (FDIG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Not enough dataDividends
FBTC vs. FDIG - Dividend Comparison
FBTC has not paid dividends to shareholders, while FDIG's dividend yield for the trailing twelve months is around 0.14%.
| TTM | 2023 | |
|---|---|---|
FBTC Fidelity Wise Origin Bitcoin Trust | 0.00% | 0.00% |
FDIG Fidelity Crypto Industry and Digital Payments ETF | 0.14% | 0.18% |
Drawdowns
FBTC vs. FDIG - Drawdown Comparison
The maximum FBTC drawdown since its inception was -27.42%, smaller than the maximum FDIG drawdown of -58.32%. Use the drawdown chart below to compare losses from any high point for FBTC and FDIG. For additional features, visit the drawdowns tool.
Volatility
FBTC vs. FDIG - Volatility Comparison
The current volatility for Fidelity Wise Origin Bitcoin Trust (FBTC) is 17.91%, while Fidelity Crypto Industry and Digital Payments ETF (FDIG) has a volatility of 26.08%. This indicates that FBTC experiences smaller price fluctuations and is considered to be less risky than FDIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.